This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various drugs. Its stereochemistry makes it valuable in creating enantiomerically pure medications, particularly those targeting the central nervous system. It is often employed in the development of analgesics and anti-inflammatory drugs due to its ability to interact with specific biological receptors. Additionally, it serves as an intermediate in the production of agrochemicals, contributing to the synthesis of herbicides and pesticides with enhanced efficacy. Its structural properties also make it useful in organic synthesis for constructing complex molecules in research and industrial applications.